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| iA Financial Group is a major Canadian financial-services company operating across insurance, wealth management and retirement services. |
For a company founded in Quebec more than 130 years ago, iA Financial Group has evolved well beyond its origins as a life insurer. In 2026, the Canadian financial-services group is operating across insurance, wealth management and retirement markets, with more than $346 billion in assets under management and administration and more than 11.9 million clients. Its latest reported results show why the company has become an increasingly important player in Canada's broader financial-services industry.
The shift is significant for investors and customers alike. iA is still closely associated with life insurance, but its growth increasingly comes from a wider mix of financial products and services.
A century-old insurer with a much broader footprint
iA Financial Group traces its history to 1892. Today, iA Financial Corporation Inc. is publicly traded on the Toronto Stock Exchange under the symbol IAG, while Industrial Alliance Insurance and Financial Services Inc. remains the group's principal insurance company. The organization operates in Canada and the United States.
The scale of that transformation is visible in its balance sheet. At the end of 2025, iA reported $341.1 billion in assets under management and administration, up 31% from a year earlier. The increase reflected strong net fund inflows, market growth and the addition of assets following its acquisition of RF Capital, completed in October 2025.
By March 31, 2026, the figure had risen above $346 billion.
That makes iA's story less about a traditional insurance company expanding one product line and more about an insurer building a diversified financial-services platform.
Insurance remains central to the business
Life and individual insurance continue to be an important part of iA's Canadian operations.
In its first-quarter 2026 results, the company reported that the number of individual insurance policies issued in Canada increased 5% year over year. Net premiums, premium equivalents and deposits reached nearly $6.4 billion, representing a 10% increase from the same period a year earlier.
The company's insurance portfolio includes term life insurance, permanent life insurance, participating insurance and universal life products. These products serve different purposes, from temporary income protection and mortgage-related needs to estate planning and lifelong financial protection.
For consumers, that distinction is important. The largest insurer is not necessarily the right insurer for every policyholder. Premiums, coverage periods, guarantees, exclusions, cash values and policy features need to be considered individually.
Wealth management has become a major growth engine
One of the clearest developments in iA's recent results has been the growing contribution from wealth management.
The company reported record segregated-fund gross sales of $2.4 billion in the first quarter of 2026. Assets under management and administration were more than 31% higher than a year earlier.
The expansion also reflects acquisitions and the development of businesses outside traditional insurance. At the end of 2025, iA's assets under administration exceeded $197.9 billion, with the company attributing much of the increase to the RF Capital transaction and favourable market conditions.
This broader platform gives iA exposure to multiple parts of the financial-services market rather than relying solely on insurance premiums.
Financial strength remains closely watched
Insurance companies are judged differently from ordinary businesses because customers may depend on them to meet obligations decades into the future.
iA's first-quarter 2026 results showed a solvency ratio of 134% at March 31, 2026. The company also reported $155 million in organic capital generation during the quarter and said it was on track toward its 2026 target of more than $700 million.
The insurer's financial-strength ratings also provide another measure of its position. As of March 31, 2026, Industrial Alliance Insurance and Financial Services Inc. carried ratings of AA- from S&P, AA (low) from DBRS Morningstar and aa- (Superior) from A.M. Best.
Ratings are not a substitute for reviewing an insurance contract, but they can provide useful context when consumers evaluate an insurer's financial capacity.
The business is also returning more capital to shareholders
iA's recent performance has had implications beyond its operating businesses.
In May 2026, the company announced an 11% increase in its common-share dividend, raising the quarterly payment by $0.11 to $1.10 per share. It also announced an increase in the maximum size of its normal-course issuer bid from approximately 5% of outstanding shares to about 8% of its public float, subject to the applicable approvals and program terms.
The decisions illustrate the balance large insurers must maintain between supporting growth, maintaining regulatory capital and returning excess capital to shareholders.
For customers, the more relevant measure remains the quality and suitability of the insurance or investment product itself. For investors, capital generation, earnings growth and the expansion of wealth-management operations provide a broader picture of the company's direction.
Why iA's evolution matters
iA Financial Group's current position reflects a longer transformation in Canada's financial sector. Insurance companies increasingly operate across multiple financial categories, combining protection products with investment, retirement and wealth-management services.
The company entered 2026 with strong reported growth, a substantial capital base and a larger wealth-management footprint than it had a year earlier. Its next financial results, scheduled for release in November 2026, will show whether that momentum has continued through the second half of the year.
For Canadian consumers, iA's size offers breadth of products and services, but size alone should not determine a financial decision. The appropriate choice still depends on the policy, fees, guarantees, financial objectives and individual circumstances.
Frequently asked questions
What is iA Financial Group?
iA Financial Group is a Canadian insurance and wealth-management organization founded in 1892. It operates in Canada and the United States and is publicly traded on the Toronto Stock Exchange as IAG.
Is iA Financial Group an insurance company?
Yes. Insurance remains a core part of the organization, including individual life insurance and other insurance products. The group also operates substantial wealth-management and retirement businesses.
How large is iA Financial Group?
iA reported more than $346 billion in assets under management and administration as of March 31, 2026, with more than 11.9 million clients.
What happened to Industrial Alliance?
Industrial Alliance Insurance and Financial Services Inc. continues to operate as an insurance company within the broader iA Financial Group structure. The group's public-facing corporate brand is iA Financial Group.
Is iA Financial Group publicly traded?
Yes. iA Financial Corporation Inc. trades on the Toronto Stock Exchange under the ticker symbol IAG.
What was iA's solvency ratio in early 2026?
The solvency ratio was 134% at March 31, 2026, according to the company's first-quarter results.
When will iA Financial Group report its next results?
The company has scheduled its third-quarter 2026 results for November 9, 2026, with a conference call scheduled for November 10.
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